Foxx Development Holdings Inc. Financials
Foxx Development Holdings Inc. (FOXX) reported $65.9M in revenue for fiscal year 2025, up 1941.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Rapid sales expansion is being funded by working-capital-heavy growth, leaving losses and cash burn despite better margins.
From FY2024 to FY2025, gross margin improved from3.6% to7.2% , but operating cash flow stayed deeply negative, which suggests the bigger revenue base is arriving with heavy cash tied up before it turns into liquidity. By FY2025, inventory plus receivables reached$19.5M against just$1.9M of cash, helping explain why a much smaller loss margin did not translate into balance-sheet relief.
The balance sheet still looks externally financed: the current ratio remained below 1.0x across the last two valid years, and year-end cash of
This remains a thin-gross-profit model: FY2025 gross profit was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Foxx Development Holdings Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Foxx Development Holdings Inc. has an operating margin of -14.7%, meaning the company loses $15 on every $100 of revenue. This results in a profitability score of 21/100. This is up from -96.9% the prior year.
Foxx Development Holdings Inc.'s revenue surged 1941.8% year-over-year to $65.9M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Not available for Foxx Development Holdings Inc., and counted as zero in the overall score.
Foxx Development Holdings Inc.'s current ratio of 0.78 is below the typical benchmark, resulting in a score of 11/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Foxx Development Holdings Inc.'s operations used $6.6M of cash, and capex of $68K added to the outflow, for a free cash flow shortfall of $6.6M. This results in a cash flow score of 8/100.
Not available for Foxx Development Holdings Inc., and counted as zero in the overall score.
Foxx Development Holdings Inc. scores 0.26, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($18.0M) relative to total liabilities ($31.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Foxx Development Holdings Inc. passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Foxx Development Holdings Inc. reported a net loss of $9.0M while operations used $6.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Foxx Development Holdings Inc. reported an operating loss of $9.7M against $13K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Foxx Development Holdings Inc. generated $65.9M in revenue in fiscal year 2025. This represents an increase of 1941.8% from the prior year.
Foxx Development Holdings Inc.'s EBITDA was -$9.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 212.4% from the prior year.
Foxx Development Holdings Inc. reported -$9.0M in net income in fiscal year 2025. This represents a decrease of 162.9% from the prior year.
Foxx Development Holdings Inc. earned -$1.47 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
Foxx Development Holdings Inc. recorded an outflow of $6.6M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 41.4% from the prior year.
Foxx Development Holdings Inc. held $1.9M in cash against $73K in long-term debt as of fiscal year 2025, with $30.4M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Foxx Development Holdings Inc.'s gross margin was 7.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.7 percentage points from the prior year.
Foxx Development Holdings Inc.'s operating margin was -14.7% in fiscal year 2025, reflecting core business profitability. This is up 82.2 percentage points from the prior year.
Foxx Development Holdings Inc.'s net profit margin was -13.7% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
Foxx Development Holdings Inc. invested $2.1M in research and development in fiscal year 2025. This represents an increase of 2185.8% from the prior year.
Foxx Development Holdings Inc. invested $68K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 681.6% from the prior year.
Not reported for fiscal year 2025.
FOXX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue | $59.5M | $65.9M+1941.8% | $3.2M | N/A |
| Cost of Revenue | $54.5M | $61.1M+1864.4% | $3.1M | N/A |
| Gross Profit | $5.0M | $4.8M+4018.1% | $116K-89.5% | $1.1M |
| R&D Expenses | $2.1M | $2.1M+2185.8% | $91K-66.5% | $272K |
| SG&A Expenses | $11.1M | $7.1M+240.4% | $2.1M+325.8% | $488K |
| Operating Income | -$39.2M | -$9.7M-210.0% | -$3.1M-3728.2% | $86K |
| Interest Expense | $11K | $13K-14.7% | $15K+175.4% | $5K |
| Income Tax | N/A | $77K+287.0% | $20K+39.3% | $14K |
| Net Income | -$47.5M | -$9.0M-162.9% | -$3.4M-5995.5% | $58K |
| EPS (Diluted) | — | -$1.47 | -$1.04 | $0.06 |
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FOXX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Assets | $26.0M+383.8% | $5.4M+167.4% | $2.0M |
| Current Assets | $23.6M+445.7% | $4.3M+136.0% | $1.8M |
| Cash & Equivalents | $1.9M+219.3% | $587K-67.8% | $1.8M |
| Inventory | $12.7M+617.5% | $1.8M | N/A |
| Accounts Receivable | $6.8M+2594.3% | $252K | N/A |
| Total Liabilities | $31.4M+234.5% | $9.4M+263.2% | $2.6M |
| Current Liabilities | $30.4M+239.7% | $8.9M+262.8% | $2.5M |
| Long-Term Debt | $73K-23.1% | $95K | N/A |
| Total Equity | -$5.4M-34.0% | -$4.0M-600.0% | -$572K |
| Retained Earnings | -$20.0M-81.8% | -$11.0M-45.2% | -$7.6M |
Not reported in any period shown, so not listed: Goodwill.
FOXX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Operating Cash Flow | -$570K | -$6.6M-40.2% | -$4.7M-15609.3% | $30K |
| Capital Expenditures | N/A | $68K+681.6% | $9K-86.9% | $67K |
| Free Cash Flow | N/A | -$6.6M-41.4% | -$4.7M-12668.1% | -$37K |
| Investing Cash Flow | N/A | -$40K-360.2% | -$9K+86.9% | -$67K |
| Financing Cash Flow | -$21K | $7.9M+128.6% | $3.5M+87.6% | $1.8M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
FOXX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Gross Margin | 7.2%+3.7pp | 3.6% | N/A |
| Operating Margin | -14.7%+82.2pp | -96.9% | N/A |
| Net Margin | -13.7% | -106.3% | N/A |
| Return on Assets | -34.7%+29.1pp | -63.8%-66.7pp | 2.9% |
| Current Ratio | 0.78+0.3x | 0.48-0.3x | 0.74 |
| FCF Margin | -10.1% | -145.2% | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$5.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Foxx Development Holdings Inc. Ranks
Frequently Asked Questions
What is Foxx Development Holdings Inc.'s annual revenue?
Foxx Development Holdings Inc. (FOXX) reported $65.9M in total revenue for fiscal year 2025. This represents a 1941.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Foxx Development Holdings Inc.'s revenue growing?
Foxx Development Holdings Inc. (FOXX) revenue grew by 1941.8% year-over-year, from $3.2M to $65.9M in fiscal year 2025.
Is Foxx Development Holdings Inc. profitable?
No, Foxx Development Holdings Inc. (FOXX) reported a net income of -$9.0M in fiscal year 2025, with a net profit margin of -13.7%.
What is Foxx Development Holdings Inc.'s EBITDA?
Foxx Development Holdings Inc. (FOXX) had EBITDA of -$9.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Foxx Development Holdings Inc. have?
As of fiscal year 2025, Foxx Development Holdings Inc. (FOXX) had $1.9M in cash and equivalents against $73K in long-term debt.
What is Foxx Development Holdings Inc.'s gross margin?
Foxx Development Holdings Inc. (FOXX) had a gross margin of 7.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Foxx Development Holdings Inc.'s operating margin?
Foxx Development Holdings Inc. (FOXX) had an operating margin of -14.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Foxx Development Holdings Inc.'s net profit margin?
Foxx Development Holdings Inc. (FOXX) had a net profit margin of -13.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Foxx Development Holdings Inc.'s free cash flow?
Foxx Development Holdings Inc. (FOXX) recorded an outflow of $6.6M in free cash flow during fiscal year 2025. This represents a -41.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Foxx Development Holdings Inc.'s operating cash flow?
Foxx Development Holdings Inc. (FOXX) recorded an outflow of $6.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Foxx Development Holdings Inc.'s total assets?
Foxx Development Holdings Inc. (FOXX) had $26.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Foxx Development Holdings Inc.'s capital expenditures?
Foxx Development Holdings Inc. (FOXX) invested $68K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Foxx Development Holdings Inc. spend on research and development?
Foxx Development Holdings Inc. (FOXX) invested $2.1M in research and development during fiscal year 2025.
What is Foxx Development Holdings Inc.'s current ratio?
Foxx Development Holdings Inc. (FOXX) had a current ratio of 0.78 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Foxx Development Holdings Inc.'s return on assets (ROA)?
Foxx Development Holdings Inc. (FOXX) had a return on assets of -34.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Foxx Development Holdings Inc.'s cash runway?
Based on fiscal year 2025 data, Foxx Development Holdings Inc. (FOXX) had $1.9M in cash against an annual operating cash burn of $6.6M. This gives an estimated cash runway of approximately 3 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Foxx Development Holdings Inc.'s debt-to-equity ratio negative or not reported?
Foxx Development Holdings Inc. (FOXX) has negative shareholder equity of -$5.4M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Foxx Development Holdings Inc.'s Altman Z-Score?
Foxx Development Holdings Inc. (FOXX) has an Altman Z-Score of 0.26, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Foxx Development Holdings Inc.'s Piotroski F-Score?
Foxx Development Holdings Inc. (FOXX) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Foxx Development Holdings Inc.'s earnings high quality?
Foxx Development Holdings Inc. (FOXX) reported a net loss of $9.0M while operations used $6.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Foxx Development Holdings Inc. cover its interest payments?
Foxx Development Holdings Inc. (FOXX) reported an operating loss of $9.7M against $13K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Foxx Development Holdings Inc.?
Foxx Development Holdings Inc. (FOXX) scores 23 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.